Why some Venezuelans have turned to bitcoin mining

Apr 21, 2017

In 2005, Randy Brito, aged 14, and his family fled Venezuela. Back then, the country’s oil-based economy was still booming. But under President Hugo Chavez’s socialist agenda, widespread nationalisations and takeovers of private enterprises compelled many middle-class families such as Brito’s to leave. In 2011, while browsing the internet, Brito discovered the world of bitcoin on…